Shannon Building Hosts $9.5M Sale (Real Deals)

Shannon Building at 10801 Executive Center Drive in west Little Rock. (Madeline Circle)

A 73,340-SF office building in west Little Rock tipped the scales at $9.5 million.

Hamilton & Newman-Westlake LLC, led by Ken Hamilton and Jim Newman, purchased the Shannon Building at 10801 Executive Center Drive.

The seller is STP Westlake Ltd., an affiliate of Silver Tree Partners in Dallas.

STP Westlake bought the 4.74-acre development in May 2017 as part of the $45.1 million acquisition of the Westlake Corporate Park. The seller was ISB Investors LLC, led by Jim Irwin.

Agri Acquisition

Farmland covering 674.44 acres near the Scott community in east Pulaski County weighed in at $2.7 million.

Country Boys Loaded Farms Ltd., led by James Evans and Nelson Carden, bought the swath of land spread between Col. Maynard Road and Horseshoe Lake.

The seller is East Pulaski Investment LLC, successor to Wilcox Investment.The limited liability company was originally led by George Wilcox.

The deal is financed with a one-year loan of $2.7 million from First Community Bank of Batesville.

The land was assembled as part of deals with Kyzer Plants & Produce, led by David, Jimmy and Steven Kyzer, nearly $1.3 million in July 1998; Hal and Vicki Matthews, $165,000 in July 1998; James and Myrna Glover, $350,000 in April 1999; JLK Farms LLC, led by James Kidd III, $232,000 in September 2005; and GKJ Family Ltd., led by Gerald Johnson, $425,000 in November 2010.

Trapnall Place

A 16-unit apartment project in downtown Little Rock rang up a $2 million transaction.

BlackHat Quarters LLC, led by Adam Smith, acquired Trapnall Place Apartments at 414-418 E. Sixth St. from Mark Brown and Jill Judy.

The deal is funded with a 20-year loan of $1.4 million from First National Bank of Paragould.

Brown and Judy bought the 0.35-acre development for $760,000 in March 2012 from Trapnall Place LLC, led by Jennifer Skowronski.

Galaxy Inn

A 39-room motel in southwest Little Rock is under new ownership after a $900,000 foreclosure sale.

BGK2 Hospitality LLC, led by Bharat Patel, purchased Galaxy Inn & Suites at 8219 Interstate 30.

The courthouse auction followed BankUnited of Miami Lakes, Florida, landing a judgment of $1.4 million in January against BRIJ Hospitality LLC, led by Brijen Patel.

The limited liability company acquired the 1.48-acre development for $1.8 million in April 2017 from Windsor Hospitality LLC, led by Bhavin, Jiger and Jagdish Patel.

Auto Land Sale

A 1.59-acre commercial site in Sherwood sold for $635,000.

Nasrah Capital Investment Inc., led by Hani Abunasrah, bought the parcel on Newman Drive.

The seller is MAG-AR 4400 Landers Road LLC, an affiliate of Little Rock’s McLarty Auto Group.

The deal is backed with a $418,000 loan from Centennial Bank of Conway.

The land was purchased for $141,000 in July 2000 from an investment group composed of James Dietz, Hershel Bowman and Douglas W. Ashcraft; CBM Construction Co., led by Clark McGlothin; Dennis Jungmeyer; Hal Matthews; Rablaco LLC, led by Tom Cory; R-4 Enterprises Inc., led by Raymond Roberts; Seymour Real Estate LLC, led by Mike Seymour; Dow Worsham II; and Arkansas Precast Corp. of Jacksonville.

More Auto Land

A 2.04-acre commercial site in Sherwood changed hands in a $550,000 deal.

MAG-AR 6030 Landers Road LLC, an affiliate of McLarty Auto Group, acquired the parcel at the east end of Kamis Alley Drive from Nasrah Capital Investment.

Car World Inc., led by Jeremy Perrone, bought a 1.38-acre portion of the property adjoining the east side of its 6055 Landers Road project from MAG-AR for $275,000.

Nasrah entered the ownership picture in September 2024 after a $550,000 transaction with Alley Children’s Investments LLC, led by Sam Alley.

Heritage Place

A 5,000-SF home in west Pulaski County’s Heritage Place neighborhood tipped the scales at $1.2 million.

Andrew Somers III and his wife, Sarah, purchased the house from Justin and Brittan Sanders.

The deal is financed with a 30-year loan of $780,000 from Rocket Mortgage LLC of Detroit.

The Sanders family acquired the residence for $799,500 in February 2019 from Lindy Smith.

Shadowlawn Abode

A 3,247-SF home in Little Rock’s Shadowlawn neighborhood weighed in at $1.12 million.

Allie and Vincent Laborde bought the house from the DJC Trust, led by John and Stephanie Wade.

The deal is funded with a 30-year loan of $806,500 from Little Rock’s Encore Bank.

The Wades purchased the residence for $576,000 in October 2001 from the estate of Joan G. Brandt.

Orle Home

A 5,126-SF home in west Little Rock’s Orle neighborhood drew a $923,400 transaction.

Roopa Siddaiah and Shyam Narayana acquired the house from Chad and Heather Brown.

The deal is backed with a 15-year loan of $500,000 from Arvest Bank of Fayetteville.

The Browns bought the residence for $695,000 in December 2017 from the Rhonda Williams Gentry Revocable Trust.

Rural Residence

A 2,786-SF home in west Pulaski County is under new ownership after a $765,000 sale.

Saman Farr and Lisa Marie Ferrouge purchased the house two miles north of the Ferndale community from the Ruthie Thicksten Living Trust.

The deal is backed with a 30-year loan of $764,840 from Arvest Bank.

Thicksten and her husband, Zachary, acquired the 9.14-acre property for $200,000 in October 2018 from Bryan and Melinda Angel.

Falstone Court

Timothy and Elizabeth Campbell paid Michael and Rachel Oxenden $910,000 for their 4,745-SF home in west Little Rock’s Falstone Court neighborhood.

The Oxendens bought the residence for $979,000 in May 2023 from Hartness Construction Co., led by Brenda Hartness.